Oil Gains As Market Buffeted By Supply Worries

“Oil prices extended gains on Wednesday as a larger than expected fall in U.S. crude inventories and escalating geopolitical tensions raised investor worries about tighter supplies.

Brent futures for June delivery rose 20 cents, or 0.22 per cent, to $89.12 per barrel, while U.S. West Texas Intermediate (WTI) crude futures for May climbed 17 cents, or about 0.2 per cent, to $85.32 a barrel, at 0015 GMT.”